Primary Health Properties (LON:PHP) Reaches New 1-Year High – Should You Buy?

Shares of Primary Health Properties Plc (LON:PHP) hit a new 52-week high on Thursday . The stock traded as high as GBX 104.60 and last traded at GBX 104.49, with a volume of 8686162 shares trading hands. The stock had previously closed at GBX 102.90.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised their price objective on Primary Health Properties from GBX 110 to GBX 114 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 114.

Primary Health Properties Price Performance

The firm has a market cap of £2.70 billion, a P/E ratio of 14.47, a P/E/G ratio of 5.64 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.50 and a debt-to-equity ratio of 96.73. The business’s 50 day moving average is GBX 97.29 and its two-hundred day moving average is GBX 94.59.

Primary Health Properties Company Profile

Primary Health Properties plc is a leading investor in modern primary healthcare properties. The Company acquires or forward funds the development of modern, purpose-built premises that are leased to GP’s, government healthcare bodies, pharmacies and other providers of related healthcare services.